Q3 2025 Hellenic Telecommunications Organization SA Earnings Call Transcript
Key Points
- Hellenic Telecommunication Organization SA (HLTOY) successfully exited the Romanian market, leading to a substantial improvement in annual cash flow and enhanced shareholder value.
- The company announced an extraordinary dividend distribution of EUR40 million following the Romanian market exit.
- HLTOY is expanding ultrafast broadband coverage in rural and semi-rural areas across Greece, covering an additional 480,000 homes and businesses.
- The company reported a 5% increase in revenue in Greece, driven by strong performance across mobile, TV, broadband, and ICT segments.
- HLTOY's TV segment delivered a strong quarter with revenues increasing by nearly 17%, maintaining a solid double-digit growth trajectory.
- The company anticipates a decline in national wholesale revenues due to the phase-out of certain activities.
- EBITDA margin decreased by 120 basis points year-over-year, primarily reflecting a higher proportion of lower margin revenue streams.
- The broadband segment delivered a soft performance this quarter, despite achieving positive net customer additions.
- HLTOY's free cash flow guidance was adjusted to EUR530 million, reflecting the disposal of the Romanian business, indicating reliance on one-off transactions.
- The company faces competitive challenges from new market entrants and existing competitors, which could impact pricing strategies and market share.
Ladies and gentlemen, thank you for standing by. I am Gailey, your chorus call operator. Welcome, and thank you for joining the OTE conference call and live webcast to present and discuss the third quarter and nine months, 2025 financial results. (Operator Instructions) The conference is being recorded. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Kostas Nebis, CEO, OTE Group; Mr. Babis Mazarakis, Chief Financial Officer; Mr. Panayiotis Gabrielides, Chief Marketing Officer, Consumer Segment, OTE Group.
Mr. Nebis, you may proceed.
Thank you, and good morning or good afternoon, everyone, and thank you for joining us today to review our third quarter results. I would like to start with a recent exit from the Romanian market. We are very pleased to have successfully completed a key milestone that will lead to a substantial improvement in our annual cash flow and enhanced shareholder value.
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